Investor Presentaiton
Historic leverage trends
Bexperian...
US$bn
6
5
LO
Serasa 70%
acquisition
US$1.1bn
acquisitions
Net debt to
EBITDA (x)
3.0
2.5
4
2.0
32
1.5
1.0
1
0.5
0
0.0
FY07
FY08 FY09 FY10
FY11 FY12 FY13 FY14
FY15
FY16 FY17 FY18 FY19 FY20
FY21
FY22
FY23
Net debt to EBITDA target range
Net debt to EBITDA
Net debt
Leverage policy target: Net debt in the range of 2.0-2.5x of EBITDA
45
Experian Public
Net debt / EBITDA leverage is calculated on a constant GAAP basis and excludes IFRS16 related operating lease liabilities, Depreciation and Amortisation, and finance charge adjustments.
Net debt includes adjustment for the Serasa put option FY08-FY12. Unless otherwise stated all references to EBITDA are to Benchmark EBITDA.
Source: Experian's Annual Reports from FY07 to FY21 - publicly available at www.experianplc.com/investors/reports/ and results announcement at
www.experianplc.com/investors/results-and-presentations.View entire presentation